PayPal Holdings, Inc. (NASDAQ:PYPL) Receives $77.70 Consensus Price Target from Brokerages

PayPal Holdings, Inc. (NASDAQ:PYPL) has earned a consensus rating of “Moderate Buy” from the thirty-five research firms that are currently covering the firm, Marketbeat Ratings reports. Sixteen analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $78.03.

A number of equities analysts recently commented on the stock. Wells Fargo & Company raised their price target on shares of PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research note on Friday. BMO Capital Markets increased their price objective on shares of PayPal from $72.00 to $73.00 and gave the stock a “market perform” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. increased their price objective on shares of PayPal from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Finally, Stephens increased their price objective on shares of PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Friday.

PayPal Price Performance

NASDAQ:PYPL opened at $80.94 on Friday. PayPal has a 52 week low of $50.25 and a 52 week high of $82.00. The firm has a market cap of $84.67 billion, a price-to-earnings ratio of 20.39, a P/E/G ratio of 1.47 and a beta of 1.44. The firm’s 50-day simple moving average is $74.16 and its 200 day simple moving average is $66.63. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The business had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.82 billion. During the same period last year, the firm earned $0.83 earnings per share. PayPal’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, sell-side analysts predict that PayPal will post 4.42 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC raised its holdings in PayPal by 7.4% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock worth $141,000 after purchasing an additional 124 shares during the last quarter. First United Bank & Trust increased its stake in PayPal by 6.4% during the 3rd quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock valued at $187,000 after purchasing an additional 145 shares in the last quarter. Ritholtz Wealth Management increased its stake in PayPal by 3.3% during the 3rd quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock valued at $369,000 after purchasing an additional 152 shares in the last quarter. SYSTM Wealth Solutions LLC boosted its holdings in PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after acquiring an additional 167 shares during the last quarter. Finally, Pittenger & Anderson Inc. boosted its holdings in PayPal by 77.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 172 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Company Profile

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.